Arrangements for strategic, technical, manufacturing, or marketing tie up

September 16, 2026 BSE Limited National Stock Exchange of India Limited P.J. Tower, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544645 SYMBOL: PARKHOSPS Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) – Operations and Management Agreement with Axis Educational Society Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of the Listing Regulations, we wish to inform you that Aggarwal Hospital and Research Services Private Limited, a wholly owned subsidiary of the Company has today, September 16, 2026, entered into operation and management agreement with Axis Educational Society (AES) for operating and managing a 300-bed multi-super speciality hospital, namely Axis Hospital and Research Centre located in Kanpur, Uttar Pradesh, for a term of 28 years. The details as required under the Listing Regulations read with SEBI circular HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are provided in “Annexure” as enclosed herewith. The press release towards the aforesaid arrangement is also enclosed herewith. The disclosure is also being disseminated on the Company's website at https://www.parkhospital.in/. Kindly take the above information on records. Thanking you, For and on behalf of Park Medi World Limited Name: Abhishek Kapoor Designation: Company Secretary & Compliance Officer Encl: A/a Annexure Details required under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. no. Particulars Details 1 Name of the entity(ies) with whom agreement/JV is Axis Educational Society (“AES”) signed 2 Area of agreement/JV Operation and Management Agreement between Aggarwal Hospital and Research Services Private Limited (“AHRSPL”), a wholly-owned subsidiary of the Listed Entity, and AES. 3 Domestic/international Domestic 4 Share exchange ratio/JV ratio Not Applicable 5 Scope of business operation of agreement/JV AES owns a 300-bed multi-super speciality hospital under the name “Axis Hospital and Research Centre” located at Milestone – 478, Chakeri Ward, Hathipur, Rooma, NH – 2, Kanpur, Uttar Pradesh – 209402 (“Hospital”). The 300-bed facility, spread over approximately 1.2 lakh square feet of covered area. Prior to its commissioning by the end of the current financial year, the Hospital will be renovated and re- equipped to offer a comprehensive range of multi- super speciality services to Kanpur and its surrounding catchment. 6 Details of consideration paid / received in AHRSPL shall pay to AES a revenue share agreement/JV equivalent to 6% of the collections subject to applicable taxes with minimum guaranteed amount of INR 20,00,000 per month inclusive of GST during the First Year from the Effective Date of the aforesaid agreement, thereafter, INR 20,00,000 (Rupees Twenty Lac only) per month plus GST. 7 Significant terms and conditions of agreement/JV Park Group will assume complete operation and in brief management of the hospital on an asset-light basis — investing in renovation, modernisation and medical equipment, and operating the facility under a long- term arrangement without an upfront acquisition of land or building. The effective date of the said Operation and Management Agreement shall be no later than April 01, 2027. 8 Whether the acquisition would fall within related No party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length 9 Size of the entity The Hospital currently has a capacity of 300 beds. 10 Rationale and benefit expected The arrangement extends Park Group's growing footprint in Uttar Pradesh and reinforces the Group's strategy of building density in the State through a deliberate mix of owned, PPP and asset-light operating models. Strengthening Presence in Uttar Pradesh — Asset-Light Expansion into Kanpur Park Medi World Limited to operate and manage a 300-bed hospital in Kanpur, Uttar Pradesh Park Medi World Limited (NSE: PARKHOSPS; BSE: 544645): Park Medi World Limited, through its group entity, has entered into a long-term Operations and Management (O&M) arrangement to operate and manage a 300-bed multi-super speciality hospital in Kanpur, Uttar Pradesh. The facility — an established hospital will be renovated and re-equipped — and will be commissioned by the end of the current financial year, to be operated under the arrangement for a term of 28 years. The Arrangement Under the O&M model, Park Group will assume complete operation and management of the hospital on an asset-light basis — investing in renovation, modernisation and medical equipment, and operating the facility under a long-term arrangement without an upfront acquisition of land or building. This capital- efficient structure allows the Group to add operational bed capacity rapidly at a fraction of the capital required for an owned or a greenfield facility. The 300-bed facility, spread over approximately 1.2 lakh square feet of covered area, will be brought up to Park Group's clinical and infrastructure standards ahead of commissioning, and will offer a comprehensive range of multi-super speciality services to Kanpur and its surrounding catchment. Why Kanpur Kanpur is one of Uttar Pradesh's largest cities and a major industrial and commercial centre, serving a substantial urban and semi-urban catchment. Uttar Pradesh is India's largest state by population and among its most densely populated, yet it remains one of the most under-served in healthcare infrastructure, with hospital beds per 1,000 population materially below both the national average and the WHO benchmark of 3 beds per 1,000 — making the State one of the most attractive long-term healthcare markets in the country. The arrangement extends Park Group's growing footprint in Uttar Pradesh and reinforces the Group's strategy of building density in the State through a deliberate mix of owned, PPP and asset-light operating models. Dr. Ankit Gupta, Managing Director, Park Medi World Limited, said: “Kanpur is an important addition to our Uttar Pradesh footprint. The operations-and-management model allows us to bring a well-located, established facility up to Park Group standards and into service quickly — without the capital outlay or lead time of an acquisition or a greenfield build. Our portfolio in Uttar Pradesh reflects a deliberate mix of ownership, PPP and asset-light models we are using to build density across India's largest and most under-served healthcare market. We look forward to serving the people of Kanpur under the Park brand.” About Park Group Park Group is North India's 2nd largest hospital chain, currently operating 17 hospitals with a combined capacity of ~4,300 beds as on date. Together with this facility at Kanpur, the Group is in the process of integrating 6 additional hospitals and expanding capacity at 3 existing units. These are in various stages of execution and will add 2,300 beds to our network. With these, Park Group's total capacity is expected to reach ~6,600 beds, underscoring its commitment to leadership and growth in healthcare delivery. The Group has established a strong presence across 15 key cities including Delhi, Gurgaon, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Agra, Panchkula and Rudrapur, and is expanding into Zirakpur (Punjab), Gorakhpur, Prayagraj, Kanpur (Uttar Pradesh) and Rohtak (Haryana). Built on a commitment to accessible, high-quality healthcare, Park Group offers a comprehensive range of clinical services—spanning super-specialities such as cardiology, neurology, oncology, orthopaedics, gast [Showing first 8,000 characters — download PDF for full document]